Nature of change: Appointment of Chairman cum Managing Director (CMD) and cessation of additional charge
Dr. Prasanna Kumar Acharya (DIN not provided) appointed as Chairman cum Managing Director effective 17 September 2026
Term: Five years from assumption date or until further orders, whichever is earlier, subject to terms determined by Government of India
Profile: Seasoned professional with nearly three decades of experience across power, mining and infrastructure sectors. Previously served as Director (Finance) of NLC India Limited. Held key positions at GRIDCO, NTPC and Tata Power. Educational qualifications include Bachelor of Commerce (Honours) from Utkal University, LLB from M.S. Law College, Master of Commerce from Ravenshaw University, MBA, Fellow Member of Institute of Cost and Management Accountants of India, Associate Member of Institute of Company Secretaries of India, Ph.D from Utkal University, and Management Development Programme in Strategic Finance from IIM Lucknow.
Experience: Significant contributions to major infrastructure initiatives including Chennai Metro Rail Limited Phase-II Project (₹63,000 crore value). Led digital transformation and governance reforms including ERP modernization, centralization of finance functions, AI-enabled systems, and Vendor Invoice Management System at NLCIL. Played important role in steering joint ventures with state utilities.
Previous role: Relinquished position of Director (Finance) & CFO effective 17 September 2026
Shri Sanoj Kumar Jha ceased additional charge of CMD effective 17 September 2026 upon appointment of regular CMD
Governance implications: As CMD, Dr. Acharya will lead NLCIL's strategic direction and oversee financial and operational management
Strategic or Business Context
Dr. Acharya has contributed to securing critical Government approvals and advancing initiatives for acquisition of coal and critical mineral blocks and renewable energy projects
NLCIL's growth roadmap envisages achieving more than 20 GW of power generation capacity and over 100 MTPA of mining capacity by 2030
The appointment supports the company's ambitious expansion plans in both conventional and renewable energy sectors
Any Other Material Information
Regulatory compliance: Intimation made under Regulation 30 & 51 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
Approval authority: Ministry of Coal, Government of India conveyed approval of President of India via letter No.21/21/2025-ESTABLISHMENT dated 16.09.2026
Circular reference: SEBI circular HO/49/14/14(7)2025- CFDPOD2/I/3762/2026 dated January 30, 2026
Company representation: Sushanta Kumar Panda, Company Secretary & Compliance Officer signed the disclosure
